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Technology Stocks : Wolf speed -- Ignore unavailable to you. Want to Upgrade?

To: sbaker23 who wrote (2125)	2/17/2000 9:11:00 AM
From: mauser96	Read Replies (2) \| Respond to of 10714

Random walk theory applies both to the short run and the long run. "The random walk statement is a much stronger way of saying that serial correlation in security returns (ie the correlation between successive periods) is small.If the correlation was not small, then it would be possible to earn extraordinary profits by forecasting future security price changes from observations of of previous price changes" From Modern Portfolio Theory by Rudd and Clasing.The GG is specific to tech investing, does earn extraordinary profits, and does not involve using stock price patterns as part of the process. This isn't the place to go into this any further so let's limit these posts to Cree.